Daily Archives: October 17, 2018

The consortium with Erbud unit PBDI signed a contract for the construction of a section of the S3 expressway from Kamienna Góra to Lubawka, Erbud said in a statement. The contract value is PLN 715.2 million net. The works, including obtaining a permit of use, should be completed within 31 months. PB...

About 50 percent of Poles believe that the country goes in the right direction, according to the latest survey by pollster CBOS. This is by 2 percentage points more than in September. As many as 35 percent of respondents think that Poland’s current direction is wrong, 1 percentage point less than la...

Innovation Nest, a Polish VC fund cooperating with companies creating IT solutions for the B2B sector, has invested in Infraspeak – a Portuguese startup offering a platform for managing hotel facilities, the fund said. This is already the third company from Portugal in Innovation Nest portfoli...

Fitch Ratings has downgraded Bank Pekao long-term rating IDR to ‘BBB+’ from ‘A-‘. The outlook is stable. Pekao’s Viability Rating (VR) was downgraded to ‘bbb+’ from ‘a-‘. The downgrade of IDR and VR reflects the decline of the bank’s Fitch ...

PGNiG signed two binding agreements with US-based firms Venture Global Calcasieu Pass and Venture Global Plaquemines LNG for LNG supplies. Every year PGNiG will purchase 1 million tonnes of LNG from each of the companies. The contracts will last 20 years. Deliveries may be subject to further trading...

Industrial production in September grew on the annual basis in 24 out of 34 industries – the Central Statistical Office (GUS) reported. The increase was recorded, among others, in electricity, gas, steam and hot water (by 10.4 percent), production of metal (by 8.1 percent), machinery and equip...

In September sales in small format stores (up to 300 sqm) grew by 5.7 percent annually and declined by 9.7 percent monthly, Polish Chamber of Commerce (PIH) estimated. The sales were positively impacted by September warm weather. However, August was much hotter, therefore sales in categories correla...

Almost 2.3 million Poles had additional health insurance at the end of H1, 14 percent more compared to a year ago. The total value of acquired private health insurance amounted to PLN 386.5 million, a 19 percent increase y/y, according to Polish Chamber of Insurance (PIU). PIU reported that only sl...

Apator expects an average annual EBITDA growth of 13 percent to about PLN 220 million in 2023, the company said in its strategy for 2019-2023. The revenue is expected to increase by about 8 percent to nearly PLN 1.4 billion in 2023. The company sees capital expenditures at about PLN 380 million in t...

The World Bank expects Poland’s GDP growth of 4.7 percent this year and of 3.9 percent in 2019. This is 0.5 percentage points higher for 2018 and 0.2 percentage points higher for 2019 compared to the April’s forecast.

Discount retailer Biedronka will open its store at Ghelamco Poland’s The Warsaw HUB mixed-use project in Warsaw. The chain has leased 1,085 sqm at the scheme for the period of ten years. Located in the Rondo Daszyńskiego area of the Wola district of ...

Investor Adgar Poland has acquired an office building located on ul. Czackiego 15/17 in downtown Warsaw from Molina Nieruchomości. The value of the transaction amounts to PLN 36 million. The seven-floor property offers approximately 4,000 sqm of leas...
Adgar with new Warsaw office asset

Developer ECC Real Estate has opened for business its Nowa Stacja shopping center in Pruszków near Warsaw. The mall comprises approximately 27,000 sqm of space and houses around 100 stores and points of service. It was built by general contractor Kar...

The 2018 edition of MAPIC – the leading international retail property fair – has kicked off in Cannes, France, bringing together more than 2,500 shopping center developers and owners from around the world. They will be showcasing their latest project...

Flexible office space operator Regus has leased more than 2,200 sqm in building “C” of the Equal Business Park complex in Kraków. JLL advised the tenant during the process of selecting the location and negotiating the lease agreement. Equal Business ...
Regus expanding in Kraków

The future is coming. Space exploration, longevity, Biotechnology, in vitro meat, artificial intelligence, reading emotions, robotics, the blockchain, the future of media and medicine, investing in technology. That is the world of tomorrow which we w...

The 23rd annual Book of Lists Gala welcomed 180 guests – top-level executives across all industries. Like each year, the gala focused on major players operating in various sectors in Poland and awarded them with distinctions for their successes....

Being asked about salary expectations is almost always the most awkward part of a job interview. But it is equally or even more uncomfortable when a candidate is asked how much they earn in their current job. Should information about salaries be full...